log short volume for uvxy reaching a zenith (UVXY_SH)

1 May 2022

as you can see the awesome oscillator for uvxy short volume is about to go negative. the last time this happened was the corona dip. when short sale volume plummets, a squeeze begins that sends uvxy flying. the logarithmic scale helps accentuate this divergent phenomenon. i expect this means we are headed for another leg down in indices. as we enter fibo time zone 13 uvxy short sale volume should be in for a radical shift.